New Issue: American Lorain secures $12 million through private placement of shares

By Devika Patel

Knoxville, Tenn., Oct. 29 - American Lorain Corp. negotiated a private placement of stock for about $12 million on Oct. 28, according to an 8-K filed Thursday with the Securities and Exchange Commission.

The company will sell 5,011,169 common shares.

The investors also will buy 1,753,909 series A warrants and 501,115 series B warrants.

The series A warrants are exercisable at $3.70 for five years. The series B warrants are exercisable at $3.70 for 30 months.

American Lorain, based in Junan County, China, is an integrated food manufacturing company.

Issuer:	American Lorain Corp.
Issue:	Common stock
Amount:	$12 million (approximate)
Shares:	5,011,169
Warrants:	1,753,909 series A warrants, 501,115 series B warrants
Warrant expiration:	Five years (series A), 30 months (series B)
Warrant strike price:	$3.70
Pricing date:	Oct. 28
Stock symbol:	Amex: ALN
Stock price:	$2.9401 at close Oct. 28
Market capitalization:	$67.2 million

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